Jan 25, 2013

Vietnam - Vietnam’s January CPI up 1.25 per cent

The General Statistics Office
announced on January 24 that CPI is up 7.07 per cent compared to the same
period 12 months ago.

Prices in January increased by
0.03-7.4 per cent in 10 out of 11 commodity categories used to calculate the
CPI.

The biggest rise was in health
services with 9.5 per cent, which contributed to a 0.44 per cent hike in
January’s CPI.

The lowest price rise was in
transportation. Only the cost of postal and telecommunication services saw a
decline – a 0.05 per cent fall from December 2012.

With the Lunar New Year on the
threshold, the price of food and restaurant services had been predicted to peak
this month, but rose only 1.34 per cent.

Commodity baskets with great
purchasing power merely witnessed moderate rises; garments and footwear by 1.3
per cent, tobacco by 0.42 per cent and other goods and services by 0.74 per
cent.

Despite rising electricity costs,
the price of houses and building materials increased by only 0.36 per cent.

According to the General
Statistics Office, the Government and relevant agencies need policies to assist
enterprises and local authorities to ensure supply of vital goods to curb a CPI
increase in February.

Hanoi and Ho Chi Minh City have
stockpiled essential commodities for consumers during the upcoming Lunar New
Year.

CPI increased by 0.95 per cent
and 0.44 per cent in Hanoi and Ho Chi Minh City respectively this January.

QĐND

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